issue area reports | budget and taxation
Sen . Marko Liias , D-Lynnwood , is Majority Floor Leader . ( Photo : Brian Mittge / AWB )
but failed to make it out of Senate Ways & Means Committee .
SB 6690 aerospace b & o taxes / wto
Passed / AWB Supported
AWB supported Senate Bill 6690 , sponsored by Sen . Marko Liias , D-Lynnwood . Under the bill , beginning April 1 , 2020 , the preferential B & O tax rate for the manufacturing , wholesaling , and retailing of commercial airplanes , airplane components , and tooling is eliminated . We want to ensure that our state policies support Washington manufacturers and growers and allow them to compete in the global marketplace , which this bill accomplishes . Without this legislation , Washington exporters faced the possibility of retaliatory tariffs from the European Union . After March 31 , 2021 , a preferential rate of 0.357 percent could be implemented if the following conditions are met : the United States and European Union reach an agreement resolving their World Trade Organization disputes regarding large civil airplanes that expressly allows preferential tax rates ; the Department of Commerce notifies the Department of Revenue in writing that such agreement has been reached and includes a copy of the notice to the Department of Commerce from the United States trade representative regarding the agreement ; and the Department of Labor and Industries notifies the Department of Revenue that a significant commercial airplane manufacturer has at least a 0.3 percent aerospace apprenticeship utilization rate of its qualified apprentice able workforce . If the 0.357 percent tax rate is implemented , the aerospace industry is subject to an aerospace apprenticeship utilization rate of 1.5 percent of its qualified apprentice able workforce by July 1 , 2026 , or five years after the effective date of the 0.357 percent rate . An aerospace workforce council is created within the Department of Labor and Industries to establish a framework for apprenticeship utilization
Bill considered as part of AWB ’ s voting record
Favorable outcome for Washington businesses
Missed Opportunities
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